Lionheart Group Scam Prevention Steps

Unions are upset and protesting mightily about an effort by Ohio State Senator Shannon Jones that would ban collective bargaining in the state of Ohio. The bill would also abolish salary schedules for public employees and instead require merit pay. I praised the bill in Ohio Bill To Kill Collective Bargaining for State Employees. Shane Atwell picked up on my post and added some great comments in his article Good News: Efforts in Ohio and California to Abolish ‘Collective Bargaining’ One …

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California Group Seeks to End Collective Bargaining; Why Collective Bargaining is Extortion

LoanSafe Peoples First Financial: North Carolina AG Bans Loan Modification Firm From State LoanSafe Other scam tip offs: the schemer refuses to put his or her promises in writing, pressures you to sign paperwork you haven't had a chance to read thoroughly, … and more

Woman sentenced to prison in Medicaid scam The Register-Guard According to the state Department of Justice, which prosecuted her case, Russell was a home care provider who had quit working for a disabled elderly woman … and more

Congratulation go to South Carolina Governor Nikki Haley who made comments about South Carolina being a right-to-work state, and in the process essentially told unions to go to hell. She was a bit more polite than that, but not by much. Please consider Union sues over Haley’s remarks about Boeing plantSouth Carolina Gov. Nikki Haley is facing her first big lawsuit after saying the state would try to keep unions out of the Boeing Inc. plant in North Charleston. The lawsuit filed Thursday in …

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South Carolina Governor Sued by Unions Over Remarks About Boeing; Illinois vs. South Carolina; National Labor Relations Board Supports Coercion

US and Chinese officials touted a $45bn package of export deals on Wednesday to coincide with the state visit of Hu Jintao, the Chinese president, but the largest contract was in fact a reiteration of a previously announced order.

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Export orders worth $45bn signed

Our Choice: State Secession or Washington Debt Depression Lew Rockwell Thanks to Wall Street bankers and the Anglo-American financial elite, our ruinous debt-financing Ponzi scheme has also been exported to most Western nations … and more

I received an email moments ago from Eddie Volkman at WLS AM 890 Chicago asking me to be on for a live 18-20 minute segment tonight. The discussion will be on Governor Quinn, the tax hikes, how those tax hikes will impact the state of Illinois, and what we can do about it. Hey Mike… I’m Eddie Volkman from “The Eddie & JoBo Show” now on WLS-AM, 7-9pm Saturdays. Wondering if we could get you on with us to talk about your Quinn recall. The whole tax thing is obviously a huge …

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Eddie & JoBo Show – WLS 890 – 8:05 PM Saturday – I ‘m on Discussing Governor Quinn Recall

This state debt nationalization scam is officially known as Build America Bonds (BABs). Its insidious effect is to enable financially reckless states to borrow even more from bond markets rather than be forced to address their bloated budgets. … Scott Garrett (R-NJ), has spent the last year bashing outgoing chairman Barney Frank (D-MA) for sinking the housing market by letting Fannie Mae and Freddie Mac help bankrupt the U.S. banking system. …

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Guest Article – Watch the GOP

You pay taxes for services. At least you think you do. Fifty cities in California think you don’t. They tax the hell out of you, then bill you if you need services. Drivers who cause accidents in at least 50 cities can be billed for the police and firefighters who show up. Please consider ‘Crash taxes’ are growing in popularity among cash-strapped California citiesAt least 50 cities in the state have adopted so-called crash-tax laws allowing local governments to seek reimbursement from …

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"Crash Tax" Ripoff Expands in California and New York

This state debt nationalization scam is officially known as Build America Bonds (BABs). Its insidious effect is to enable financially reckless states to borrow even more from bond markets rather than be forced to address their bloated budgets. … Scott Garrett (R-NJ), has spent the last year bashing outgoing chairman Barney Frank (D-MA) for sinking the housing market by letting Fannie Mae and Freddie Mac help bankrupt the U.S. banking system. …

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Lee Bellinger's Executive Bulletin: GOP Sellout Alert! Disturbing …

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Nabbing swindlers is great, but more needs to be done Lansing State Journal But Operation Broken Trust also was an attempt to prove to the public that it is not just the big-name Wall Street firms and bankers that have snookered … and more

Wasn’t it just a few short months ago California balanced its budget, plugging a $19 billion hole? Indeed it was. Nonetheless, Jerry Brown now warns of a $28 billion hole for the next fiscal year and the state controller warns of more IOUs. Please consider California Deficit May Reach $28 Billion as IOUs LoomCalifornia’s budget gap may widen to $28.1 billion over 18 months, according to Governor-elect Jerry Brown, who takes charge of the most-populous U.S. state next month. A cash shortage …

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Jerry Brown Says California Budget Deficit May Hit $28 Billion

Occasionally I am pleasantly surprised by what politicians have to say. In this case, I am not only pleasantly surprised but shocked by some Statements from Secretary of State Hillary Clinton Regarding WikiLeaks.Secretary of State Hillary Clinton pressed Central Asian governments on Tuesday to expand democratic freedoms, saying countries which quash human rights only make themselves less competitive on the global stage. Launching a tour amid uproar over the leak of a huge cache of classified …

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Hillary Clinton vs. Sarah Palin on WikiLeaks

A few days ago I noted Hamtramck, Michigan Seeks Bankruptcy. That Hamtramck is clearly bankrupt, unable to bay bills, saddled with unions salaries, pension promises that cannot be met, as well as other problems it desperately needs to get rid of without burdening taxpayers even more is of no concern to the current governor of the state. Please consider this updated report Michigan Forbids City To Seek Municipal Bankruptcy.A spokesman for the Michigan state treasury said Thursday that …

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Michigan Forbids City of Hamtramck to Seek Bankruptcy; My Advice to Hamtramck: "Default"

Lost in the shuffle of affairs in Ireland, the Detroit News reports Hamtramck seeks state permission to file for bankruptcyThe city of Hamtramck, desperate for cash, has asked the state for permission to take an unprecedented step: filing for bankruptcy. City Manager Bill Cooper said the city of roughly 20,000 people is staring at a $3 million deficit, fueled by a dispute with Detroit. Unless Hamtramck files for bankruptcy, it won’t be able to pay its nearly 100 employees or 153 retirees, he …

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City of Hamtramck, Michigan Seeks Bankruptcy

Inquiring minds are investigating the November Empire State Manufacturing Survey for clues about manufacturing and the state of the economy.The Empire State Manufacturing Survey indicates that conditions deteriorated in November for New York State manufacturers. For the first time since mid-2009, the general business conditions index fell below zero, declining 27 points to -11.1. The new orders index plummeted 37 points to -24.4, and the shipments index also fell below zero. The indexes for …

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NY Fed Manufacturing Survey: New Orders Index Plummets 37 Points to -24.4, Sharpest Drop Since September 2001; Prices Received Negative

Every time I listen to NJ Chris Christie I want to stand up and salute. Today is no different. Please watch this 4 minute video where Chris Christie blasts LeRoy Seitz, Superintendent of Schools for the Parsippany School District about Seitz’s threat to leave the state if his salary is reduced to $175,000. NorthJersey.com has more details in Governor sets sights on Seitz contractLast week the Parsippany-Troy Hills Board of Education voted 6-2 to renew Superintendent LeRoy Seitz’s contract, …

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NJ School Superintendent Bitches about Making $175,000 a year, Gov. Christie says “Let Me Help You Pack”

Illinois has a $13 billion and growing deficit. The current backlog of bills approaches $6 billion. The state has not paid some suppliers for seven months. In response some vendors have stopped doing business with the state. Please consider Another vendor quits doing business with IllinoisRecords show the Illinois Department of Corrections was forced to scramble this week when a vendor refused to deliver foam food trays to Menard Correctional Center because it hadn’t been paid. Industrial …

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33% Tax Hike Will Hit Illinois; Another Stiffed Illinois Vendor Stops Servicing State; Common Sense in Tucson and Delta Airlines

The State As economy festers, job scams multiply The State The bureau received nearly 3000 complaints about work-from-home scams in the first eight months of this year. That's more than double the 1200 it received … and more

The BEA Advance GDP for Third Quarter 2010 came in at +2.0%. However, Table 2. Contributions to Percent Change in Real Gross Domestic Product shows that Change in private inventories contributed +1.44 while real final sales contributed a mere .6. How sustainable is that? The answer is not very. This is likely the last hurrah for inventory replenishment even without factoring in upcoming cutbacks at the state level. Not a V-Shaped Recovery In terms of real final sales, this …

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Double Dip Delayed, Not Derailed; Understanding Consumer Spending

All you need to know to determine your vote in November is that a vote for any candidate endorsed by unions is a vote for higher taxes. I am pleased to report that UAW 2865 Los Angeles has provided a perfect list of who NOT to vote for with this endorsementDear UAW 2865 members, The November 2nd election is just around the corner. This election will decide the future of our state for many years to come. As educators, students, and public employees, we have a lot at stake in the election of …

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How Not To Vote

The LA Times reports Government job cuts ravage California Weighed down by a struggling economy, government agencies in California shed 37,300 workers last month — more jobs than were lost in the private sector — as cities and counties made their biggest payroll cutbacks since at least 1990. What’s more, analysts see more job cuts ahead as California faces an estimated $10-billion shortfall in the state budget that the next governor must address. Cities and counties, meanwhile, are still …

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California Cut 37,000 Government Jobs in September; Much More to Come

fannie mae foreclosure State attorneys general in all 50 states have recently launched a joint investigation on the recent allegations of fraud regarding foreclosure paperwork and proceedings. With the real estate world focusing on said …

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Real Estate Journal Online » News Archive » Use Of Stern Firm For …

My friend “BC” pinged me with some interesting employment stats regarding the state of Oregon that apply in varying degrees to every state in the union, and arguably most countries in the world. “BC” Writes …. OR total payroll employment has not grown in 11 years, which is not unlike most of the rest of the US. However, adjusting for OR population growth, payroll employment is back to the level of the early ’90s. But it’s worse than that. Private payrolls are back …

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Severe, Life-changing, and Consciousness-Altering State Budget Cuts Coming

Property Trax: As home seizures hit all-time national high, good time to … Wisconsin State Journal HPF is working with a coalition of other agenies and nonprofits to try to curb these foreclosure-rescue scams . Its Homeowner's HOPE Hotline, …

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Property Trax: As home seizures hit all-time national high, good time to … – Wisconsin State Journal

United Parcel Service will submit an application for a domestic licence to the State Post Bureau in response to surging consumer and business demand in the country

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UPS to tap China’s booming domestic market

Reuters Attorney general candidate a former Spitzer no2 Reuters When he worked for Spitzer, Dinallo said, federal regulators were inattentive and missed monumental Wall Street fraud , leaving room for the state attorney … Factbox: Eric Dinallo, candidate for New York attorney general Reuters Candidates for NY AG Eye Wall Street Measures Long Island Press all 38 news articles

Two worlds of Andrew Cuomo Albany Times Union … in the state who would say the Attorney General didn't do a great job going after greedy bankers on Wall Street and their lobbyists like Rick Lazio. … and more

From the dysfunctional state of Oregon comes news that Measure 66 fell about 50% short of its revenue predictions. Balance that with 4.75% pay hikes and it adds up with a continuing refusal by Oregon to address its problems. Oregon Grants Unions 4.75% Pay Hike 5 percent pay increase for Oregon state union employees begins WednesdayA step pay increase of nearly 5 percent for Oregon state workers represented by unions goes into effect Wednesday. The 4.75 percent increase will cost the state …

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Oregon Tax Revenue from Measure 66 is 50% Short of Predictions; Oregon Grants Unions 4.75% Pay Hike

Star Global Tribune (blog) New Jersey's Pension Fraud Hurts Investors, Taxpayers and Retirees Huffington Post (blog) The ' fraud ' took place between 2001 and 2007 when a democrat and former Senator and wall street millionaire (Corzine) ran the State with a Democratic … Securities fraud case against New Jersey exposes pensions crisis World Socialist Web Site Let's not duplicate New Jersey's poor decisions Charlottesville Daily Progress Market Commentary From Monty Guild The Market Financial all 14 news articles

OregonLive continues to put out excellent articles on the sad state of affairs in Oregon. The question of the day is Can Oregon downsize state government? Despite years of talk by Democrats and Republicans about the need to control spending, farm out work to private businesses and make government finances more transparent, the opposite has occurred. Rather than becoming leaner, the state work force increased by 7.1 percent since 2005 — outpacing Oregon’s population growth. The number of …

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Dysfunctional Oregon

(From the Chicago Tribune) CHICAGO —Health care work force training programs in Illinois are set to receive federal grants totaling $5.4 million. The grants, announced Thursday, target nursing, geriatrics and recruitment of minority students into health care professions. Health care training programs across the state are receiving grants. Recipients include University of Illinois at Chicago, Northern Illinois University in DeKalb, Southern Illinois University at Edwardsville and Illinois State University in Normal. Read more.

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Illinois to get $5.4M for health care training

Here is an interesting story with an Oregon slant that reflects problems all states now face. Please consider Oregon budget stands at precarious crossroad.Oregon government stands at the edge of a financial chasm as precarious as any in its 151-year history, hemmed in by the global recession, questionable spending decisions and a budget-draining combo of skyrocketing expenses and sluggish growth. Consider this sobering fact: State expenses, including payroll, health and retirement benefits, …

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Edge of Financial Chasm

OregonLive reports PERS rates for state agencies will more than double in 2011.The actuary for Oregon’s Public Employee Retirement System confirmed Friday what is already a common-knowledge piece of the state’s looming budget shortfall: the cost of funding PERS will increase sharply in 2011. Mercer Inc. told the PERS board Friday that systemwide, the payroll rates paid by cities, counties, school districts and state agencies to cover their employees’ pension and health care benefits will more …

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Oregon’s Public Employee Retirement System (PERS) in Deep Trouble, Taxpayers on the Hook

Historic Whistleblower Reforms Included in Wall Street Reform Bill Signed into … Common Dreams (press release) WASHINGTON – July 21 – Significant whistleblower reforms included in the Dodd-Frank Wall Street Reform and Consumer Protection Act were signed into law by … Financial Reform Law Promises Large Rewards For Wall Street Whistleblowers … PR Newswire (press release) Milberg Expands Practice to Include Representation of Securities Fraud … Earthtimes (press release) Editorial by Kansas Securities Commissioner: Wall Street Reform and Kansas … State of the State KS (subscription) all 15 news articles

Probe of pensions worth effort, despite critics The Journal News | LoHud.com Lazio stated in a Wall Street Journal article. “I find that mind boggling. It is without doubt something New York must do if we're going to put our state on …

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Probe of pensions worth effort, despite critics – The Journal News | LoHud.com

Mortgage Investors Turn to State Courts for Relief New York Times But successfully arguing that Wall Street aided lenders in a fraud is tough under federal securities laws. This is largely a result of Supreme Court … and more

I am in favor of the concept of shared sacrifice. Unfortunately, Illinois stretches the boundary as to the meaning of the term. For example, please note Illinois Governor Pat Quinn Gave Raises Averaging 11.4% to 35 Staff Members.Illinois Gov. Pat Quinn has handed out raises — some of more than 20 percent — to his staff while proclaiming a message of “shared sacrifice” and planning spending cuts of $1.4 billion because the state is awash in debt. The Democrat has given 43 salary …

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Shared Sacrifice Illinois Style – 40,000 Union Workers Get 14% Pay Raises, Governor Quinn Gives Raises Averaging 11.4% to 35 Staff Members

Conn. AG, Health Net Reach Settlement Over Medical Data Breach iHealthBeat The insurer also may pay the state $500000 if any identity fraud activity is linked to data from the missing hard drive (Dow Jones/ Wall Street Journal, … and more

“Hook 'em Horns” Complaint: State of Texas v. Goldman Sachs et al Benzinga That said, I have no doubt that selected business practices within Wall Street promoted and constituted a fraud . These practices need to be exposed and … and more

In Oregon, Governor Ted Kulongoski is admitting the truth – Pension promises and public union contracts have bankrupted the state. Sadly, that revelation does not matter much now as Kulongoski is a lame duck governor finally willing to tell some of the truth. Please consider Gov. Ted Kulongoski says recession forces Oregon state government to ethink how it operates. In what may be his last major speech as Oregon’s top executive, Gov. Ted Kulongoski on Friday called for reducing state …

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Lame Ducks vs. Democrat and Republican Gubernatorial Wimps

Officials warn of bogus solicitations in Greenville area The News Journal But it's all a scam , according to the state Attorney General's consumer protection division. “Unfortunately, a scam artist can be any age and can use youth … Authorities warn of solicitation scam Sussex Countian all 5 news articles

Speaking of large and politically connected entities, Dodd-Frank does nothing about Fannie Mae and Freddie Mac, the $6.5 trillion mortgage finance behemoths that have been wards of the state for almost two years. …. S.E.C., saxon mortgage , scam , securitization, settlement, sewer service, shadow foreclosures, shapiro & fishman pa, short sale, siva, spear & hoffman, steven mnuchin, stock, STOP FORECLOSURE FRAUD, stop foreclosure fraud, stopforeclosurefraud.com, tarp funds …

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Strong Enough for Tough Stains? By GRETCHEN MORGENSON |

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The bank agrees to pay $102m, which will be split between homeowners, taxpayers and a trust, to settle a case brought by the state charging that it had provided financing for predatory subprime loans

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Morgan Stanley settles Massachusetts suit

Congratulations of sorts go to the State of Illinois for having the most hopelessly underfunded pension plans in the US and also one of the biggest per capita budget deficits. Topping off the misery, the Illinois Teachers Retirement System is losing money in risky derivatives bets in what one analyst says amounts to “collecting nickels ahead of the bulldozer.” Given that sorry state of affairs it should be no surprise to discover Illinois Debt Default Insurance Climbs to Record. The cost …

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Cost of Insuring Illinois Debt from Default Hits All-Time High; Illinois Pension Fund Loses $Billions in OTC Derivatives Positions

Opp attacks CM on NC Hills fund scam Assam Tribune Only after the Opposition parties launched a movement and approached the Prime Minister and the Union Home Minister, the State Government was forced to hand … and more

When it comes to pension funding schemes, NY governor David Paterson and the NY legislature have taken can-kicking to ever increasing levels of absurdity. Please consider State Plan Makes Fund Both Borrower and Lender. Gov. David A. Paterson and legislative leaders have tentatively agreed to allow the state and municipalities to borrow nearly $6 billion to help them make their required annual payments to the state pension fund. And, in classic budgetary sleight-of-hand, they will borrow the …

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NY State Shell Game – Municipalities Borrow from Pension Fund to make Required Pension Fund Contributions

Goldman Sachs made a $35m bet in the credit derivatives market against California, the biggest such trade in the past few years by Wall Street banks that underwrite the state’s bond sales

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Goldman bet $35m against California

Unity scam : Our collective failure Republica It's a failure of the state, especially the Home Ministry and the police, and the regulatory bodies— particularly Nepal Rastra Bank and the Insurance Board …

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Unity scam: Our collective failure – Republica

Skimming (stealing) is what they called it. For government cover it’s ‘campaign contributions’. Same scam . Two names. Shrink the State – May 24th, 2010 at 7:04 am. Why is the father of the mortgage crisis— Fannie Mae CEO Franklin …

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» Financial Regulatory Reform: Missing an Obvious Target – Big …